scorecardresearchIT firms account for 43% of India Inc's forex revenue: Report

IT firms account for 43% of India Inc's forex revenue: Report

Updated: 22 Jul 2022, 11:44 AM IST
TL;DR.
As per the report, the listed IT services companies earned nearly 4.2 lakh crore through exports in FY22, up 15 percent from the 3.65 lakh crore a year earlier. In comparison, the forex revenues or exports of the rest of the BSE500 companies were down 11.9 percent to 5.6 lakh crore in FY22, added BS.
As per the report, the listed IT services companies earned nearly  <span class='webrupee'>₹</span>4.2 lakh crore through exports in FY22, up 15 percent from the  <span class='webrupee'>₹</span>3.65 lakh crore a year earlier. In comparison, the forex revenues or exports of the rest of the BSE500 companies were down 11.9 percent to  <span class='webrupee'>₹</span>5.6 lakh crore in FY22, added BS.

As per the report, the listed IT services companies earned nearly 4.2 lakh crore through exports in FY22, up 15 percent from the 3.65 lakh crore a year earlier. In comparison, the forex revenues or exports of the rest of the BSE500 companies were down 11.9 percent to 5.6 lakh crore in FY22, added BS.